Kaltura (NASDAQ:KLTR) Trading Down 1%

Kaltura, Inc. (NASDAQ:KLTR)’s stock price dropped 1% during trading on Tuesday . The stock traded as low as $1.88 and last traded at $1.90. Approximately 157,463 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 264,118 shares. The stock had previously closed at $1.92.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC dropped their price target on shares of Kaltura from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd.

Kaltura Stock Down 1.0 %

The stock has a market cap of $263.13 million, a price-to-earnings ratio of -4.42 and a beta of 0.82. The company’s 50-day simple moving average is $2.01 and its 200-day simple moving average is $1.92.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). Kaltura had a negative net margin of 33.55% and a negative return on equity of 132.37%. The firm had revenue of $43.88 million for the quarter, compared to analysts’ expectations of $42.96 million. As a group, analysts expect that Kaltura, Inc. will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Kaltura

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake in shares of Kaltura by 283.2% in the 1st quarter. Bank of New York Mellon Corp now owns 143,640 shares of the company’s stock valued at $257,000 after purchasing an additional 106,160 shares during the last quarter. Rhumbline Advisers boosted its position in Kaltura by 177.4% in the first quarter. Rhumbline Advisers now owns 33,485 shares of the company’s stock valued at $60,000 after buying an additional 21,415 shares in the last quarter. BlackRock Inc. lifted its position in shares of Kaltura by 128.0% during the first quarter. BlackRock Inc. now owns 2,121,932 shares of the company’s stock worth $3,799,000 after purchasing an additional 1,191,247 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Kaltura by 561.3% during the first quarter. Vanguard Group Inc. now owns 2,389,550 shares of the company’s stock worth $4,277,000 after purchasing an additional 2,028,213 shares in the last quarter. Finally, American International Group Inc. lifted its holdings in Kaltura by 195.1% in the first quarter. American International Group Inc. now owns 27,299 shares of the company’s stock valued at $49,000 after buying an additional 18,047 shares during the period. Institutional investors and hedge funds own 36.10% of the company’s stock.

Kaltura Company Profile

Kaltura, Inc provides various Software-as-a-Service products and solutions and a Platform-as-a-Service in the United States, Europe, the Middle East, Africa, and internationally. The company operates through two segments, Enterprise, Education, and Technology (EE&T) and Media and Telecom (M&T).